AVPS CONSULTING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AVPS CONSULTING
Largest movements
- Intangible fixed assets +€9,042
up €9,042 (+5.4%), from €168,330 to €177,372
- Tangible fixed assets -€6,623
down €6,623 (-12.7%), from €51,981 to €45,358
- Receivables within one year -€6,363
down €6,363 (-16.7%), from €38,142 to €31,779
of which Other amounts receivable: -€18,958
- Tax, wage and social debts -€19,419
down €19,419 (-72.7%), from €26,712 to €7,293
- Short-term financial debts +€12,000
new in 2025: €12,000
- Debts after one year -€8,000
down €8,000 (-30.8%), from €26,000 to €18,000
- Reserves +€7,078
up €7,078 (+2.3%), from €309,920 to €316,998
- Trade debts +€6,535
up €6,535 (+70.2%), from €9,315 to €15,851
- Gross operating margin -€72,294
down €72,294 (-45.3%), from €159,593 to €87,299
- Taxes -€30,138
down €30,138 (-86.2%), from €34,949 to €4,811
- Depreciation +€15,343
up €15,343 (+29.9%), from €51,294 to €66,636
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,947 | €379,141 | -€1,805 | -0.5% |
| Fixed assets | 21/28 | €220,311 | €222,730 | +€2,420 | +1.1% |
| Intangible fixed assets | 21 | €168,330 | €177,372 | +€9,042 | +5.4% |
| Tangible fixed assets | 22/27 | €51,981 | €45,358 | -€6,623 | -12.7% |
| Furniture and vehicles | 24 | €51,981 | €45,358 | -€6,623 | -12.7% |
| Current assets | 29/58 | €160,636 | €156,411 | -€4,225 | -2.6% |
| Amounts receivable within one year | 40/41 | €38,142 | €31,779 | -€6,363 | -16.7% |
| Trade receivables | 40 | €7,757 | €20,352 | +€12,595 | +162% |
| Other amounts receivable | 41 | €30,385 | €11,427 | -€18,958 | -62.4% |
| Cash at bank and in hand | 54/58 | €120,083 | €123,720 | +€3,637 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,412 | €913 | -€1,499 | -62.2% |
| Total equity and liabilities | 10/49 | €380,947 | €379,141 | -€1,805 | -0.5% |
| Equity | 10/15 | €310,920 | €317,998 | +€7,078 | +2.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €309,920 | €316,998 | +€7,078 | +2.3% |
| Distributable reserves | 133 | €309,920 | €316,998 | +€7,078 | +2.3% |
| Amounts payable | 17/49 | €70,027 | €61,143 | -€8,884 | -12.7% |
| Amounts payable after more than one year | 17 | €26,000 | €18,000 | -€8,000 | -30.8% |
| Financial debts | 170/4 | €26,000 | €18,000 | -€8,000 | -30.8% |
| Amounts payable within one year | 42/48 | €44,027 | €43,143 | -€884 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €9,315 | €15,851 | +€6,535 | +70.2% |
| Suppliers | 440/4 | €9,315 | €15,851 | +€6,535 | +70.2% |
| Taxes, remuneration and social security | 45 | €26,712 | €7,293 | -€19,419 | -72.7% |
| Taxes | 450/3 | €26,712 | €7,293 | -€19,419 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,294 | €66,636 | +€15,343 | +29.9% |
| Other operating charges | 640/8 | €1,337 | €794 | -€543 | -40.6% |
| Non-recurring operating charges | 66A | - | €974 | +€974 | |
| Gross operating margin | 9900 | €159,593 | €87,299 | -€72,294 | -45.3% |
| Operating profit (loss) | 9901 | €106,962 | €18,895 | -€88,067 | -82.3% |
| Financial income | 75/76B | €538 | €587 | +€49 | +9.1% |
| Recurring financial income | 75 | €538 | €587 | +€49 | +9.1% |
| Financial charges | 65/66B | €2,167 | €1,939 | -€228 | -10.5% |
| Recurring financial charges | 65 | €2,167 | €1,939 | -€228 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €105,333 | €17,543 | -€87,790 | -83.3% |
| Income taxes | 67/77 | €34,949 | €4,811 | -€30,138 | -86.2% |
| Profit (loss) for the period | 9904 | €70,384 | €12,732 | -€57,653 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,384 | €12,732 | -€57,653 | -81.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.